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Sunday, October 27, 2013

NQ Mobile (NQ) Stock Analysis 10/28/13 October 28, 2013

NQ Mobile (NQ) Stock Analysis 10/28/13 October 28, 2013.

NQ Mobile (NQ) stock dropped again after the trading halt on Friday.  NQ will now have support around $9.61 & $8.46.  If NQ drops below $8.61 at any point this week, we could see the stock sink all the way down to $7.05.  On the upside, for a quick trade, buy NQ on a break above $12 or wait for the stock to break $13.38.  NQ will be highly volatile over the next 2 weeks as investors try to figure out whether or not this company is a scam.

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